Tag: prestige

SE (ASUBH) was very notorious for its illegality and irregularities. There is more to come in that area, as many have encroached the KALU DAARI AND BANDI DAARI. This encroachment had been noticed and complained to the authorities. Someday, they will wake up and reclaim this. There are A katha sites, still available in SE.

A or B or C or D or Z katha does not ensure clear title or safety or cannot escape demolition, if there is irregularity and illegality. With A katha, the lands cannot be encroached. By producing fake or fabricated documents, A katha can be obtained. It is always recommended to conduct a due and diligent enquiry before investing.

The DC Converted sites in Haraluru, Ambalipura, Kasavanahalli, Kaikondarahalli, Ejipura, Begur, Hulimavu, Nayyappanahalli, Horamavu, Doddagubbi, Sarjapura,Anekal, Attibele, Yamare, Gopasandra and surrounding areas will be seriously affected, if it is not properly surveyed and titles are perfected.

There are few sellers/developers/agents offering properties with DIFFERENT method under DIFFERENT mode to the buyers and the buyers are VERY HAPPY that they are buying the best property at THROWAWAY PRICE. It is not the mistake of the seller/developer, but the GREED of the buyers. They will pay penalty by the way of LOOSING THE PROPERTY.

THE CLEVER ARGUMENTS:

1). The BBMP has sanctioned the building plan.

The applicant submitted wrong details and obtained the plan.

2). The BBMP collected the Taxes.

You paid and they collected. Payment of taxes does not confer any right, title and interest.

3). BBMP issued A Katha.

By submitting wrong details or misrepresenting the facts, obtained the A katha, which in all likelihood STANDS CANCELLED.

4). BBMP never informed or intimated about the existence of Kaluve, Bandi Daari, Kaalu Daari etc.

BBMP, If noticed or found out about the encroachment, it will be notified officially. But, the clever sellers/builders/agents/local politicians/greedy buyers block such information. BBMP need not intimate it.

5). Government cannot come and demolish the house without issuing notice.

There is no need to issue any notice for the illegalities committed. Encroachments or unauthorised occupation or illegal possession, with fabricated or fake documents does not entitle the issue of any NOTICE. STRAIGHT DEMOLITION. This is what happened now. This will continue for sometime.

6). We have constructed the house with hard earned money.

Everybody constructs the house with hard earned money only. Only, very few get the lottery or bumper or free money.

7). The Banks have financed the construction and lent the home loan.

Borrowing money for the purchase of a property or for the construction does not entitle the owner to stop the demolition. Sanction of Bank Loan does not confer any right, title and interest.

FINALLY, THOSE WHO HAVE LOST THE PROPERTIES HAVE SOME RELIEF. CHECK WITH THE PROFESSIONALS WHO CAN PROVIDE LEGAL ASSISTANCE TO RECOVER, IF POSSIBLE,MONEY. (THIS IS VERY TRICKY AND VERY DIFFICULT, BUT THE LOOSER MUST TRY)

Whenever there is a serious issue, the developer approaches the COURTS for temporary remedy and the buyer thinks that the temporary remedy is PERMANENT.

Toooooooooooooo many buildings have been built illegally and the sellers are promising the buyers that it can be REGULARISED BY AKRAMA-SAKRAMA, but it is not TRUE, that all the ILLEGAL AND IRREGULAR STRUCTURES AND BUILDINGS CANNOT BE REGULARISED.

With the implementation of the National Green Tribunal’s landmark judgement against the Mantri Techzone Private Limited and Coremind Software and Services Private Limited to follow the 75-metre buffer zone for lakes and wetlands, the government has cracked the whip on builders.

The government has DIRECTED the two civic agencies – Bruhat Bengaluru Mahangara Palike and Bangalore Development Authority – to implement the orders with immediate effect.

The NGT orders will affect the ongoing projects which are not completed, though it is approved, projects within 75 metres of waterbodies from the border or the edge or the periphery of the boundary wall.

Though the government does not have any specific numbers of such projects that come in the 75-metre buffer zone, it has asked engineers from both the departments to conduct a fresh survey and mark boundaries of the buffer zone.

BDA, BBMP and the district administration to mark boundaries of all storm water drains (SWD), lakes and rajakaluves and have directions not to issue plans or change of land-use or any kind of developmental activity in buffer zone.
The BWSSB has already garnered itself and will be issuing notices to the apartment complexes which have more than 20 apartment to install the SEWAGE TREATMENT PLANTS and discharge the treated (properly treated) sewage to the communal drains.

According to NGT orders, buffer zones of rajakaluves, drains and wetlands must be calculated from the edge of the drain, as opposed to the current norm of measuring from the centre of the drain.

The orders will hence, disallow any further construction at least 75 metres from a lake and 50 metres around a primary SWD from the boundary wall or the border or the edge of the Lake or Raja kaluve.

Earlier, officials were following a 30-metre buffer zone order, calculated from the centre of the drain.

In the case of lakes 75 meters ( 246 feet )from the periphery of the waterbody will be maintained as a green belt or buffer zone

» 50 meters (164 feet) from the edge of a primary rajakaluve

» 35 meters(115feet)from the edge of a secondary rajakaluve

» 25 meters (82 feet) from the edge of tertiary rajakaluve

NO COMMENCEMENT CERTIFICATE FOR THE BUILDING VIOLATING THE ABOVE DIRECTIONS.

NO OCCUPANCY CERTIFICATE FOR THE BUILDINGS VIOLATING THE ABOVE DIRECTIONS.

A division bench of the High Court of Karnataka on Monday has stayed the order of single bench,Justice Ram Mohan Reddy, regarding the PROJECT BY PRESTIGE GROUP, NAMED AS PRESTIGE WHITE MEADOWS.

Earlier news report on PRESTIGE WHITE MEADOWS !!!!

Continuing the anti-encroachment drive, the Bengaluru Urban district administration on Monday recovered 3.23 acres of land, the base for the multi-crore Prestige White Meadows (Joy Icecream) residential project, in Whitefield area. The recovered land is said to be worth Rs 1,000 crore.

Monetarily, this is quantified as the largest land reclamation exercise undertaken by the district administration in recent times and the move puts potential flat-buyers, mostly those from the tech-community, in jeopardy. The reclaimed property pertains to survey number 42 at Patandur Agrahara village in Bidarahalli hobli in Bengaluru East taluk.

According to the district administration, the 3.23-acre plot was initially allotted to Joy Icecream Private Limited by the Karnataka Industrial Areas Development Board (KIADB) for industrial purpose. However, the same land was subsequently sold to Prestige Private Limited (real estate company) in violation of rules pertaining to allotment. It was in this backdrop that the Bengaluru Urban district deputy commissioner V Shankar on May 23 ordered reclamation of the land, a government release stated.

Within hours after the administration announced taking back the 3.23-acre plot on which the apartment complexes were under construction, Prestige Group swung into damage-control mode and tried to assure the 200-odd investors that nothing would go wrong and the issue would be sorted out shortly.

Prestige Group spokesperson Nayeem Noor said the company had not done anything wrong. “Judiciary is still alive and we will convince them,” he said. Assistant commissioner (south) L C Nagaraj said: “KIADB had allotted the land to Joy Icecream and according to the rules they should have established an industry but they sold it to Prestige Group. As the purpose was not fulfilled, the land automatically reverts to the government. If at all KIADB has executed an absolute sale deed to Joy Icecream, it is totally wrong. It is a B Kharab land and absolute sale deed cannot be executed. The procedure followed by KIADB itself is wrong.”

Noor said: “The urban deputy commissioner claimed they have taken custody of the land which belongs to the government. Actually, the land was allotted by the deputy commissioner urban to KIADB and in return KIADB allotted it to Joy Ice cream.

The company was not doing well and they approached the government seeking absolute ownership. The petition was made before the then minister late MP Prakash mentioning that the company has become sick and the said allotted land can be sold at 50 per cent less price than market guidelines. The government gave its nod. But while making such a sale deed, there was no condition mentioned by the KIADB. As there was no condition made by KIADB, Joy Icecream sold the land to Prestige. After following due procedures, we went to Bangalore Development Authority (BDA) and sough change of land use.”

Noor said their project was spread over more than five acres of land on three different survey numbers. “Though the district administration claims they have recovered around Rs 1,000 crore worth land, the people involved in real estate know the price of the land. I should not mention the price of the land but it is sure that it is not worth Rs 1,000 crore,” Noor added.
Telling flat buyers not to panic, Noor said: “They are the rightful owners and they will remain owners”.

This apart, the district administration also recovered 106 acres of encroached land in Machenahalli village in Bengaluru North taluk and Netageri village in Bengaluru South taluk — all worth over Rs 342 crore.

The prestige white meadows (enjoy ice cream) bought by prestige group from joy ice cream, which was allotted to them by the Government to run an industrial unit, at a very low price, was sold to prestige.

The price of apartments/villas in this project is all in crores. The land was acquired by the Government at a very low price from the farmers for industrial development. It was subsequently allotted to Joy Ice Cream.

The claim of the prestige in the court is that EVERYTHING ABOUT THIS PROJECT IS LEGAL, yes, they must put forth their argument on the same lines, further stating that they have obtained all permissions and approvals, hence, it is a legitimate project.

The sale itself may be void, as the land allotted to the industrial use cannot be converted for residential use and subsequently all the approvals based on such sale is also void.

But the case must go on, otherwise the investors or the buyers will jump and frown on the builder.

The hearing was adjourned yesterday in the High Court.

There are more litigations of this kind in whitefield area.

Another housing complex in whitefield is also built on Industrial Land without obtaining the NOC from KIADB.

THE INVESTORS AND BUYERS ARE WOOED BY THE BUILDERS WITH ALL UNWORLDLY AMENITIES, WHICH ARE NEITHER AVAILABLE NOR COULD BE USED BY THE BUYERS, COMING UP WITH PRE LAUNCH PROJECTS, ALL ACROSS BANGALORE.

THE UNSOLD INVENTORY (UNSOLD APARTMENTS/VILLAS/SITES) IS ALMOST TOUCHING A LAKH SOON AND THE DEVELOPERS ARE IN GREAT FINANCIAL TROUBLE OR MESS, WITH OFFERS ONLY ON THE BROCHURES, ONCE, THE PROPERTY IS BOUGHT, ALL THE GLAM GOES TO HELL. (AS IN THE CASE OF SALARPURIA SATTAVA GREENAGE).

THE PRESENT ECONOMIC SCENARIO FOR INDIA IS GOOD, WHEREAS THE GLOBAL SCENARIO IS UNDER SEVERE STRESS AND THE RECESSION MAY SETBACK AT ANY MOMENT, THE BEGINNING CAN BE HEARD, SEEN AND SOON FELT WITH THE ONSET OF GREECE`S MISERY.

THE BUYERS, WHO NEEDS A HOUSE TO LIVE IN, IS ADVISED TO BUY AND NOT TO BUY AS A PART OF INVESTMENT AT THIS JUNCTURE, EVEN THOUGH, THE INTEREST RATES ARE BEING REDUCED, THE REAL ESTATE MARKET APPEARS TO BE BLEAK FOR SOMETIME.

THE PRE LAUNCH PROJECTS OF ALL THE TOP BUILDERS ARE IN JITTERY AND THE SWEET TALK OF THE MARKETING TEAM COMPELS THE BUYERS WITH ALL SORTS OF UNWANTED AMENITIES, WHICH CAN NEVER BE USED BY THE BUYERS, AND ARE UNABLE TO PROVIDE ALL THE CLEARANCES AND DOCUMENTS PERTAINING TO THE PROJECTS EVEN AFTER ONE YEAR OF LAUNCH.

THE CRIMINAL ADJUSTMENT AND COLLUSION WITH THE BANKS (OFFICIALS) TO ISSUE A LETTER OF PRE APPROVAL IS SEEN AS AN ABETMENT TO LURE THE UNSUSPECTING BUYERS TO BOOK THE PROPERTIES.

THE DISTRICT ADMINISTRATION HAS FINALLY FLOGGED THE HIGH AND MIGHTY-THE CREDAI`S NOTED BUILDER FOR HAVING BOUGHT THE INDUSTRIAL LAND FROM JOY ICE CREAMS VIOLATING THE ALLOTMENT AND SALE DEED CONDITIONS AND TRIED TO OBTAIN THE BUILDING PLAN AT SURVEY NO.42,PATTANDUR AGRAHARA, WHITEFIELD, BANGALORE.

THE STATE ADMINISTRATION HAS DONE A MARVELLOUS JOB IN RECOVERING A HIGHLY VALUABLE PROPERTY FOR VIOLATING THE CONDITIONS.

PRESTIGE IS NOT ALONE IN THIS SCAM. VERY CLOSE TO PRESTIGE, THERE IS ANOTHER BUILDER, WHO HAS BUILT AND SOLD THE PROPERTY AND NONE OF THE RESIDENTS OR THE BUYERS ARE AWARE OF THE `BOMB` ON WHICH THEY ARE LIVING.

A SINGAPORE BASED REALTOR IS ALSO IN THE SAME BOAT, BUT, SOONER OR LATER, THE GOVERNMENT MAY WHIP HIM.

PLEASE BE CAREFUL AND CONDUCT DUE DILIGENT EXAMINATION AND THE SCRUTINY OF THE DOCUMENTS, APPROVALS AND COMPLIANCE OF THE PRE LAUNCH OFFERS FROM UNKNOWN, LITTLE KNOWN, DISREPUTE OR STRANGE GROUPS.

DO NOT MAKE ANY PAYMENT OR NOR GIVE ANY MONEY, UNDER ANY CIRCUMSTANCE WITHOUT PROPER AND DILIGENT TITLE CLEARANCE AND APPROVALS FROM THE APPROPRIATE DEPARTMENTS AND BODIES.

EXERCISE UTMOST CAUTION:

BUT, BUYING IT FROM WELL KNOWN AND STANDARD BUILDERS ARE RECOMMENDED.

ALWAYS PREFER THE BEST AND THE TOP BUILDERS LIKE

BRIGADE, STERLING, PURUVANKARA, MANTRI, SOBHA, TATA, GODREJ, DLF, HIRANANDANI, SHRIRAM, PRESTIGE & ADARSH etc, even, if there are any minor issues, they are capable of resolving it and fulfill their commitments and promise.